Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) has earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $42.50.
A number of research firms recently weighed in on EQH. Jefferies Financial Group upped their price objective on shares of Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Wells Fargo & Company dropped their price target on Equitable from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Truist Financial lifted their price objective on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods upped their target price on Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Finally, Evercore ISI lifted their price target on Equitable from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th.
Read Our Latest Research Report on EQH
Insider Activity
Hedge Funds Weigh In On Equitable
Several institutional investors have recently modified their holdings of the business. New Covenant Trust Company N.A. acquired a new position in shares of Equitable in the 1st quarter valued at $28,000. Lindbrook Capital LLC increased its position in shares of Equitable by 143.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,004 shares of the company’s stock worth $33,000 after purchasing an additional 591 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Equitable by 126.2% in the 4th quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after purchasing an additional 704 shares during the period. LRI Investments LLC purchased a new stake in Equitable in the first quarter valued at approximately $45,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Equitable in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 92.70% of the company’s stock.
Equitable Price Performance
Shares of Equitable stock opened at $42.39 on Friday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 13.12 and a beta of 1.43. The business has a 50 day simple moving average of $40.62 and a two-hundred day simple moving average of $36.88. Equitable has a 12 month low of $24.65 and a 12 month high of $42.55.
Equitable (NYSE:EQH – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.12. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts anticipate that Equitable will post 6.07 EPS for the current fiscal year.
Equitable Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 2.26%. This is a boost from Equitable’s previous quarterly dividend of $0.22. Equitable’s dividend payout ratio is presently 29.72%.
Equitable Company Profile
Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.
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